September 2020 LCN Economic Crisis
 | |
| Date | September 21, 2020 |
|---|---|
| Time | 9:16–10:07pm EST |
| Location | 23x15px The LCN |
| Type | Economic crisis |
| Cause | Inflation |
| Motive | Initially deflate the economy and make money, then inflate the economy and make money |
| Budget |  56,135,000 |
| Organised by | Creeperopolis, Gagium, Kanjuura, Quebecshire, Spode Humbled Minions, Terranihil, Willdavie |
The Great Inflation was an economic crisis that occured in the The League of Conservative Nations on the night of September 21, 2020. The day was noted for its extremely high levels of hyperinflation.
Events
On September 21, 2020, Creeperopolis, Gagium, and Kanjuura wanted to destroy the LCN economy by making the overall net worth negative. At the time, the economy had deflated by 80% and people thought that a "Great Deflation" was happening. The three wanted to make it a reality so Gagium accepted a 1.6 million Leaguecredit loan to destroy the economy. However, Gagium won and the three decided to hyperinflate the economy.
Terranihil and Spode Humbled Minions joined in and continued to loan more and more money to continue inflating the economy. Quebecshire was loaned a record breaking 24,500,000 Leaguecredits and was brought out of a 2,000,000 Leaguecredit debt. Willdavie also joined in the economic crisis.
The Great Inflation ended when The Legion of Mankind lost a 14,000,000 Leaguecredit loan.
Aftermath
Quebecshire is reported as suggesting massive wealth redistribution.
Roulette Chant
All of the loaners gambled money through roulette. While gambling, they made a chant to ensure they won:
ALL COPS ARE BAD BLACK LIVES MATTER DEFUND THE POLICE ABOLISH THE POLICE
Gallery
Gamblers saying the Roulette Chant.
Gamblers saying the Roulette Chant.
Gamblers saying the Roulette Chant.
Quebecshire winning 43.5 million.
The initial loan.
Loans Given
| Loanee | Loaner | Amount | Date Withdrawn | Interest | Date Paid | Amount Paid | Due | Score |
|---|---|---|---|---|---|---|---|---|
| Gagium | Creeperopolis and Kanjuura | 1,650,000
|
September 21, 2020 | 1% upfront | September 21, 2020 | 1,666,500
|
September 21, 2020 | 850 |
| Gagium | Creeperopolis and Kanjuura | 1,650,000
|
September 21, 2020 | 1% upfront | September 21, 2020 | 1,666,500
|
September 21, 2020 | 850 |
| Spode Humbled Minions | Creeperopolis and Kanjuura | 1,650,000
|
September 21, 2020 | 10% upfront | September 21, 2020 | 1,815,000
|
September 21, 2020 | 850 |
| Terranihil | Creeperopolis and Kanjuura and Spode Humbled Minions and Gagium | 12,685,000
|
September 21, 2020 | 3% upfront | September 21, 2020 | 13,065,550
|
September 21, 2020 | 850 |
| Quebecshire | Creeperopolis and Kanjuura and Spode Humbled Minions and Gagium and Terranihil and Willdavie | 24,500,000
|
September 21, 2020 | 10% upfront | September 21, 2020 | 26,950,000
|
September 21, 2020 | 850 |
| The Legion of Mankind | Quebecshire | 14,000,000
|
September 21, 2020 | 10% upfront | September 21, 2020 | 15,400,000
|
September 21, 2020 | 300 |
See Also
- Leaguecredit
- Entities
- Other
